Let's look at our trade Mexico as a perfect case in point.
In 1994 -- the last year we had a trade surplus with Mexico -- the U.S. exported about $51 billion of products to Mexico and imported about $49.5 billion from Mexico ... for a trade surplus of about $1.5 billion.
In 2016, the U.S. exported $231 billion of products to Mexico and imported $294 billion from there ... for a trade deficit of around $63 billion.
How did the U.S. exports to Mexico increase from $51 billion to $231 billion over 22 years if so much of our production capacity was moved there?
“How did the U.S. exports to Mexico increase from $51 billion to $231 billion over 22 years if so much of our production capacity was moved there? “
Is that all manufactured goods? Or is a big chunk of that “petroleum product” and/or raw materials?
I know since 2004 our petroleum exports to Mexico have tripled and our imports of petroleum products have been cut in half.
Are you suggesting the Ford, Carrier, GM, et al have NOT moved some production to Mexico?
Seems that would be an outlandish claim.